Compare low APR to apply for a creditcard
The interest rate on low APR cards typically ranges from 6.5% to around 15.99%. If you plan on carrying a balance, a fixed rate is often the best way to go. However, regardless of your situation, you can still find a low rate credit card that fits your profile.
The introductory rate may apply to balance transfers, purchases, or both, and it will extend from six months to more than twelve months. After the introductory period, with a variable APR, the rate on your low interest card is typically linked to the national prime rate; when it changes, your rate may too.
You may even find that your existing card company will lower the rate on the card you have, rather than lose you as a customer. These cards from different banks and issuers offer some of the lowest ongoing interest rates for purchases and balance transfers and can feature either a low fixed rate APR or a low introductory APR.
A low interest credit card is advocated over other card benefits if you would like to finance your holiday shopping or a large purchase, or you desire to use a balance transfer to pay off higher interest loans.
The credit card company may still change the fixed APR rate, but they will notify you in advance. If your low interest card has a fixed APR, your rate will, for the most part, remain the same. If you plan to regularly pay off your balance before the end of the month, you may instead be interested in American express credit card.
When you compare low APR credit cards, read the terms and conditions carefully and then weigh all of the above factors to find the card that best fits your needs. Low interest cards can be a great deal, because in addition to long-term low rates, many offer a great introductory rate, typically ranging from 0% to 3.99% annually.
There are two types of rates on low interest credit cards: “fixed” APR and “variable” APR. To qualify for a lowest interest credit card, you will generally need good to excellent credit rating. If you want to transfer a balance, see our collection of cards with 0 APR introductory rates on balance transfers. Low interest credit cards with low ongoing APR are especially suited for people who carry a balance month to month.